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January 01, 2018

1st January 2018 Events - Important Daily Current Affairs

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Dear Great Ambitionists, here are today's (1st January 2018) Important Current Affairs updates. Happy Reading :)

Daily Current Affairs of 1st January 2018

International Current Affairs
  • Today (1st January 2018) is World Day of Peace.
    • This is a feast day of the Roman Catholic Church dedicated to universal peace.
    • This day was first observed on 1 January 1968.
    • Theme of World Day of Peace 2018 : ‘Migrants and Refugees: Men and Women in search of Peace
    • Important Note : Don't be confused between this day and International Day of Peace.  The International Day of Peace is observed annually on 21 September.
  • India and Pakistan have exchanged lists of their nuclear installations for the 27th consecutive time under the Prohibition of Attack against Nuclear Installations Agreement
    • The annual exchange of lists is aimed at updating the nations about the installations to be covered under the agreement. 
National Current Affairs
  • The Telangana government today launched a round-the-clock power supply to the state's 23 lakh farmers free of cost
  • President Ram Nath Kovind today gave his assent to The Indian Institutes of Management Bill, 2017. 
    • The bill which has now become a law, grants greater autonomy to the institutes, restricting the government's role in their functioning.  
    • This bill allows IIMs to award degrees instead of diplomas to their graduates.
  • Arunachal Pradesh has been declared open defecation free ahead of the national deadline of October 2, 2019. 
    • The milestone was achieved after the state announced an incentive of ₹8,000 in addition to the ₹12,000-grant provided by the Centre for building toilets.
    • Important Note : Madhya Pradesh, Maharashtra, Chhattisgarh, Jharkhand, and Haryana were already declared open defecation free states in October 2017.
Banking, Business & Economic Affairs
  • Saudi Arabia and the United Arab Emirates (UAE) introduced Value Added Tax (VAT) from today for the first time
    • This comes as the Gulf nations aim to diversify their revenue generation from sources other than oil and cope with low oil prices. 
    • Note : The other members of the Gulf Cooperation Council– Bahrain, Kuwait, Oman, and Qatar– have also committed to introducing VAT.
  • The Centre has made it mandatory for e-commerce firms to display the maximum retail price (MRP) on goods from today. 
    • Amendments in this regard were made to the Legal Metrology (packaged commodities) Rules in June 2017
    • Along with MRP, the companies have to display manufacturing and expiry date, net quantity, country of origin and consumer care details on the label.
Science & Technology
  • To explore the sun’s outer atmosphere, the National Aeronautics and Space Administration (NASA) is going to launch Parker Solar Probe in this year 2018.
Sports Current Affairs
  • Indian golfer Shiv Kapur won the Royal Cup in Thailand today. 
    • This is his third Asian Tour title of 2017.
Monthly Current Affairs PDF Downloads
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